40% of all Bitcoins are owned by just 1000 individuals.
This gives them a disproportionate amount of control over the market as they are able to dump them at anytime.
This is not to mention the high proportion of bitcoins held by miners and exchanges, who may have perverse incentives to ensure that as many people buy up bitcoin as possible and hold it for long enough for the price to rise.
Is there any way to deal with the high degree of centralisation that Bitcoin has?
First you need to be clear that bitcoin is not centralized. Bitcoin is only crypto currency which is decentralized in true sense. Also it does not matter if 40% of the bitcoins are owned by 1000 individuals. They won't dump them together and even if few of them did, there are too many people who will be willing to buy cheap and hence don't expect the price of bitcoin to fall too much. if the price of bitcoin will continue to soar, it seems certain, especially now that few people understand bitcoin around the world. the 40% control is not a worry if they keep it, and that means helping the price increase. but here there are different human natures, and have different needs, so their actions towards the btc they have will not be the same |
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I'm also one of those people who are sometimes in an event of ending up with a question if I will take profit or not.
Have experienced similar situations and also mostly that scenario led to regretting for not booking at right time; one good example must be what we had experienced after an ATH in April. By the times of April, I was confident about getting into $80k levels but in June I was regretting for not exiting with profits in April. It's hard to make such a decision, especially when mooning. And when bears now slowly showing, it's also hard to make a decision if will buy.
It is hard if we still look for more. Some times, we turn greedy which is the reason we are not ready to lose the future growth of bitcoins. My way of taking profits will start from my price satisfaction.
Yeah, a good way to get practiced to. But, the problem is when we are confident about continuous rising then we will never get any of satisfying target levels to book profits with. Greediness is very cruel and one common reason for our failure and losses. I know that everyone is asking when? what if? We live in presumptions and market prediction but because of our faith, we are able to get strong and hold. However, with the greediness lives on us we forgot to think about the volatility of the market and not getting satisfied but wanting more that is why we mostly ended up blaming ourselves. Everyone usually has greed and that's a very human thing, but because we know greed is one of the reasons we experience losses when trading. So we must be able to control it, because I know that it is almost impossible for us to get rid of the greed that is in us. It is not easy to control greed, there is a process that we must go through, but as long as we have the intention and try hard. We can control our greed, if our greed can be controlled properly. We can know when is the right time to take profit, because with controlled greed, we can be satisfied with the profit we make. To control greed, of course, through a learning process, where we must increase our experience in trading so that we are faced with various conditions in the market. to a wider extent we must be able to control the psychology of trading, where each person will be different at different times of achievement. this is very useful for suppressing greed in taking profits that usually occurs and obeying the cut loss area |
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to take profit I usually divide it into several targets, where if the first target is reached then some of the coins I sell, so that later there are a small number of coins that I have for fun in the sense that I might speculate to hold until I have a fatast profit because of the pump, but if there is a crash at least I already have a profit from the previous sale
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the main thing is that the project is clear
Still can’t understand why these guys shill all sorts of shitcoins related to the dogs/frogs/kwoks, but at the same time they ignore the current problems and how other projects solve them? I think Diamond Hands NFT (running by WALL STREET BETS) is very underestimated in this regard. Check it out.
But the current projects are very good at hiding the ugliness in the shortcomings of the project, Although we have been careful in choosing projects for our money investment, at least we evaluate first for the projects we want to invest in, so it's better to ask questions about the project first. , so as not to get caught in a fraudulent project that is rampant. collecting data from various sources is better, so we will have more references and finally be able to decide on the potential of the project properly. there are so many projects that look good, but many of them are scam projects. luck factor may also determine success if we are not good at analyzing, because all projects look good. most importantly we have to believe in our personal analysis |
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after we saw bitcoin showing good movements, and being able to survive until now, then I also have confidence after the bitcoin session, then the next is the ethereum session, and the next will be followed by the altcoin session which will pump. but to choose what altcoin to pump we must be able to research it properly, so that we are not wrong in investing in altcoins
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The maximum number of bitcoins that can be issued is fixed.
Eighty percent of the coins have already been mined.
What do you think will happen to the price after all the bitcoins have been mined?
What do you think will happen to the price once all the bitcoins are mined, and how do you think bitcoin will affect the global economy?
If it happened that all bitcoins are mined, the price of bitcoins will surely be value 6 to 7 digits based on USD. If that will happen then there's no reason for us to hold our coins and surely all of us will gain profit. I believe that bitcoin will be more stable that we don't need to worry everything. But, it is very difficult to say it now since the time is very long. We can't say it now because it is not easy to predict what will gonna happen to the near future. If that happen, I am very sure that digital currency will be better major in the future. to be able to mine all of them, of course it takes a very long time, and at that time there may already be the latest regulations on bitcoin in every country, maybe many countries have legalized it, and of course bitcoin will be the same as fiat currency movements, and maybe the fluctuations tend to be stable. hopefully by then bitcoin can be an alternative payment instrument at least |
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In my opinion, altcoins with low market cap are difficult to analyze because the market is very easy to manipulate. someone buys it not because the price is in the support area, but anytime they are able to play with the price, on the other hand because there are still few investors in it, so the trading volume is still low, so trading seems unhealthy without being interfered with by various points of view from many traders
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Reflection, Burn and swap is very common in new meme coins nowadays, almost all new tokens are meme coin judging from new listed coins on coinmarketcap, I'm just trying to warn newbies who believed that they can still make insane profits from meme coins, I'm not saying it's impossible I'm just saying we have many fake meme coins out there now, they are just copying the likes of shiba inu and few others
I can second that meme-coins can be extremely dangerous for investors that are completely new to crypto and just saw the news that "GUY XX made 100.00$ profit with an investment of just 100$ into meme-coin XX". Then they just throw their money into a meme-coin that sounds similar to the one that had this pump and then their money is gone. I also think that this whole meme-coin wave is very harmful and dangeorus for the whole crypto space as it holds off serious investors from making their move into crypto. In the end 99% of all those meme-projects will be dead within a few weeks. it seems that meme coin is targeting novice investors who are tempted by the upward movement of the pump, they seem to regret missing this moment. in the end the money dropped drastically because of the dump market. and what they are doing, many of them are holding while hoping the price will recover, and their hopes seem meaningless |
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To understand the market, of course, we must apply discipline to the analysis first. with the application of that discipline we will understand whether the market is moving according to our plan or not, but don't forget to place a target and stop loss, if this is done continuously, then we will automatically understand the characteristics of the market
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There are two sides. The rush can be negative, it can be positive. The most important thing here is that if you are lucky, you can rush to sell it because we never know when the pump will end. As long as you are not harmed please . Especially if you are a day trader. However, it can also have a negative impact if you misanalyze the coin you are about to enter.
Trading isn't all about luck but sometimes there are those moments that we rely on it and think that we're lucky enough to sell at the right time. But that right time isn't actually luck, we're just on the right timing and it's part of your strategy and decision making so if ever you're not in a hurry and sell well by that time then you deserve the profit you're about to take. Patience is what we need in order to succeed from this venue of investment, you are right that timing is helping with luck behind, the chance is pretty high to achieved and earned from this venue of investment. Many failed from the first stage of their journey because of many factors that affects their decision making, greed and fear both can lead you to lose you money and your opportunities to earned from this business. Psychological factors are indeed the most decisive in trading, where in my opinion this factor is the most difficult to control. although sometimes our analysis is correct, but a lot happens, we are afraid or greedy in making decisions so that we cannot maximize profits or even lose as a result of psychological pressure within us. |
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This is exactly what I’ve been doing nowadays. I usually set my stop trading percentage between 20% to 30% when doing futures or copy trading. My mistake a long time ago is not knowing about stop loss in which I’ve lost a lot of money in crypto trading. It’s really important for you to know this feature no matter what trading platform are you using (especially take profit or TP).
The size of the stop loss does depend on the individual trader, where the comfort of taking the risk. Of course, with the stoplos we will feel safer when we don't see the market, so we can do other offline activities without having to be afraid of facing a market that suddenly crashes. On the other hand, take profit should also be set with the same purpose as stop loss |
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I sold my Bitcoin for some reason and I'd never think it from coming back as it was not under my control anymore. I believe that is not really hard to understand such thing as because in time before you place that sell order, you've been thinking as well that after it was sold, that never be your's again unless if that person sold you back/ or you're going to buy at again. That gonna be the rule about selling and we should accept that whatever happens to those chucks of Bitcoin/ or that piece of land we've sold isn't our problem anymore, and we never have to think about it.
with it is no longer in our control because we have sold it, then it would be better not to think about what we have done before. after all it is our decision and the most important thing is in the future so that we can be even better. because if it becomes our right, of course we will come back with something that is doubled |
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The interesting thing is that the adoption happened because the people started to slowly switch to it after the government made legal to carry foreign currency in 2018, before it was not legal to have USD in cash. All this it is rather an improvised thing, because the administration is not paying in dollars to public workers, private employers do, though.
I remember one of your previous posts, in which you claimed that it is not 100% legal to carry US Dollar banknotes and corrupt policemen sometimes steam them if they find the banknotes. In such instances, Bitcoin may be more convenient, as they are easier to conceal. Even if some tech savvy cop searches your mobile phone, he will have a hard time in stealing the coins. Only issues are the high volatility rate for Bitcoin and the fact that not all the shops don't accept BTC in Venezuela. The reconversion of BTC to USD is going to be a problem. indeed, in such a slump, the main thing is to seek economic stability by using the dollar. but if that is not possible then the government takes a bold step by using bitcoin, even though it has high volatility, but if successful then the country's recovery will be achieved faster |
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sympathy for the yobit is now starting to crumble. yobit has become one of the exchanges that do not have great potential. i see yobit is so bad so it's natural that yobit is said to be a scam and many ico projects fail if they are on yobit
then what about the assets of the people on the exchange? hopefully it will be resolved well soon. even though yobit has been working well so far, but maybe because of their internal factors that made it collapse, and we as consumers of course have to be careful, because it can happen to others too |
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Related to the price is on bullish... good initiatives are certainly needed, we have to think further ahead, and where our mindset here is really like being tested in terms of market trends for now and the next.
Especially in trading, preparation and preparation must be really prepared to face all possibilities that occur by continuing to keep pay attention to the market from time to time and the right coin to pick.
at a bullish time like this, of course in our minds we want to participate as soon as possible to get a profit as soon as possible, but our logic must play, so that we continue to analyze carefully, the risks and rewards so that we remain ready to face whatever will happen to the market. |
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It is better to be careful of those who want to help you with PM. Because they don't want you to share any strategy for free on the other hand they have the possibility to scam with you .They may try to take your money by showing you various temptations. If he really wants to help you, just ask him to share his strategy. It is best to try to learn your own research. If you can do the analysis yourself, you will see that you have done well.
indeed nothing is really free, let alone make a lot of money, maybe there is but the amount is very small. After all, personal analysis is better for self-development, moreover we are preparing for the long term, so if we don't start now, then do we not want to grow? |
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Well, they sure want us to abandon fossil fuels and this all seems to me, an orchestrated move. Fuel prices are doomed to go over the counter as this will be a way to force people to move from fossil fuels onto electric energy-powered vehicles. The problem is that electric energy-powered is not the future. The future of mobility is Hydro.
Oil is a non-renewable fuel, while the need is increasing every year, along with the increase in the human population. Therefore, alternative energy that is environmentally friendly has been developed, including electricity, but it cannot be switched immediately, of course it requires a process, it is possible that the fuel will be completely replaced later. |
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They happier one between the two is the one who is satisfied with his achievement. The goal is not just been wealthy through either of this source alone either (stocks or crypto) but been able to stand the volatility of the market when the bear season comes which is more vulnerable to strong bearish trends. Both Warren Buffett and Michael Saylor are happy with their net worth but who is happier amongst the two I cannot tell
Who is happier, cause being happy as a trader depends on how successful a trader. My feeling is those invest in stock do not want to invest in bitcoin, they are happy with stock and do not need bitcoin. And same case happening with bitcoin investors because they are feeling good. However, if we consider this issue more broadly, then probably there is still a better direction for investment, but everyone should choose this for himself. Crypto is still a lot better, but that doesn't make stocks that bad, neither. Success is what makes you happy and doesnt matter whether you are a stock or crypto investor but we cant really just deny that crypto investor does have the chance on earning big profits if the market turns out to be bullish thats why you could really make out some noticeable or obvious which it isnt surprising that crypto market turns out to be an interesting market for you to deal off as an investor which you do foreseen on the probable financial status if you have done it well which would really give out some big changes and this is on where most people really been looking at. both crypto investors and stock investors, they have their own happiness in investing. of course it is adjusted to their respective beliefs to determine where to invest according to their characteristics. Of course they know that crypto investment or stock investment has its own advantages and disadvantages, and finally they can decide |
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